Bengaluru, Jan 14: Days after the Reserve Bank of India (RBI) capped to Rs 35,000 the withdrawal limit of Sri Guru Raghavendra Co-operative Bank, BJP MP Tejasvi Surya on Monday reassured account holders and said Finance Minister Nirmala Sitharaman was personally monitoring the issue.
Taking to Twitter, Surya said, "I want to assure all depositors of Sri Guru Raghavendra Co-operative Bank to not panic. Hon'ble Finance Minister Nirmala Sitharaman is appraised of matter and is personally monitoring the issue. She has assured the government will protect interests of depositors. Grateful for her concern."
The Bengaluru South MP also attached a letter in his tweet where he had appraised Sitharaman of the situation.
"Finance Minister, after speaking with the RBI governor and other authorities concerned, assured Surya that the government will do everything in its capacity to protect the interests of the depositors and the long term interests of the bank," the letter read.
It said that Surya also reached out to Sitharaman "three times on January 13" after which she reassured him that the "depositors need not panic".
RBI had, on January 10, imposed certain restrictions on Sri Gururaghavendra Sahakara Bank Niyamitha.
"In particular, a sum not exceeding Rs 35,000 of the total balance in every savings bank or current account or any other deposit account may be allowed to be withdrawn subject to conditions stated in the above RBI directions," the notification said.
The regulatory body said that the bank will continue to undertake banking business with restrictions until its financial position improves.
"These directions shall remain in force for a period of six months from the close of business of January 10 and are subject to review," it said.
The bank has been restricted from granting or renewing any loans and advances, make any investment, incur any liability including borrowal of funds and acceptance of fresh deposits, disburse or agree to disburse any payment whether in discharge of its liabilities and obligations or otherwise, enter into any compromise or arrangement and sell, transfer or otherwise dispose of any of its properties or assets except.
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instead of making new new small small gropus, better to \JOIN & ENCOURAGE\" the existing group (There are somany) at Mangalore itself!"
Masha Allah..
MAA SHAA ALLAH
Masha Allah great initiative!
May Allah accept it from them and grant them ability to do more work.
Aameen
Masha Allah great initiative!
May Allah accept it from them and grant them ability to do more work. Aameen
MashaAllah may Allah reward you
Masha Allah.. May Allah reward u.. ameen
Alhamdulillah.
Hazrat Khadija Radiyallahu Anha, Wife of our Beloved Prophet Muhammad(SAW) left behind a legacy of supporting and empowering people through her charity work.
Insha'Allah our sisters of HiF will carry forward the legacy .
Alhamdulillah, Hazrat Khadija R.Anha wife of beloved Prophet Muhammad SAW left behind a legacy of supporting & empowering people through her charity works.
Insha'Allah our sisters of HIF will carry forward the Legacy.
And matters relating to Non-mahram will be helped by their husbands.
Masha allah good work sisters (HIF womens wing) may allah accept it from you.
Aameen
Masha allah sisters (HIF womens wing) may allah accept it from you, may allah make this wing strong and helpfull in the society may bless and protect our muslim ummah.
Aameen.
Masha allah sisters (HIF womens wing) may allah accept it from you, may allah bless the muslim ummah,
Aameen
Alhamdulillah. May Allah accept all our good deeds ......ameen
Masha allah May Allah accept it from you and us
Masha Allah that's a good start. Need lending hands which is the need of the hour. Let make this women wing powerfull so they can face challenges in life.
Masha Allah. Good work. Keep it up.
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